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Friday, 7 August 2015

Penang deals with S’poreTemasek to build RM1.3bil Business Process Outsourcing Prime in Bayan Baru complex

Joining forces: Temasek Consumer & Real Estate head and Southeast Asia head David Heng (fourth right) exchanging the agreement documents with PDC general manager Datuk Rosli Jaafar. The event is witnessed by Lim (centre).

Penang Development Corporation (PDC) has inked a joint venture agreement with two Singapore-based companies to develop a RM1.3bil Business Process Outsourcing Prime (BPO-Prime) Complex in Bayan Baru.

The complex will be built on a 2.8ha of land where the PDC office is located currently.

Chief Minister Lim Guan Eng, who witnessed the agreement signing ceremony, said the collaboration with Temasek Holdings and Economic Development Innovations Singapore is a testimony of confidence and trust the international business community has in the future of Penang.

“BPO-Prime will represent the prime business hub in Malaysia’s Multimedia Super Corridor at Penang Cyber City 1 in Bayan Lepas with a gross developmental value of RM1.3bil and gross floor area of minimum RM1.6mil sq ft,” Lim said.

He added that the project would start in 2016 and was expected to finish by 2019.

Lim said BPO-Prime would be the catalyst for the Penang’s industrial transformation, such as creating a new cluster of economic development in BPO, Knowledge Process Outsourcing and Information Technology Outsourcing.

“It will also become the home to multinational companies and it is estimated to create 4,000 high-income and quality job opportunities.

“Its high value added ser-vices hub includes customer operations, data processing, back office administration, accounting, technical support, transcription, software development, IT consultancy and disaster recovery services,” he said.

Lim said BPO-Prime would ensure progress in economic vibrancy, social development, liveability and sustainability.

“The Shared Services Outsourcing (SSO) sector has achieved rapid growth over the years and the state’s SSO is providing more than 8,000 high-income jobs to locals as well as serving both regional and global markets,” he said. - By The Star

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Thursday, 6 August 2015

MH370: Aircraft debris found on La Reunion is from missing Malaysia Airlines flight

Malaysian Prime Minister Najib Razak (C) attends a press conference on the missing Malaysian Airlines flight MH370 in Kuala Lumpur, Malaysia, Aug. 6, 2015. Verification had confirmed that the debris discovered on the Reunion Island belongs to the missing Malaysian Airlines flight MH370, Malaysian Prime Minister Najib Razak announced here early on Thursday. (Xinhua/Chong Voon Chung)



KUALA LUMPUR, Aug. 6 (Xinhua) -- Verification had confirmed that the debris discovered on Reunion Island belongs to missing Malaysian Airlines flight MH370, Malaysian Prime Minister Najib Razak announced early Thursday.

"Today, 515 days since the plane disappeared, it is with a heavy heart that I must tell you that an international team of experts have conclusively confirmed that the aircraft debris found on Reunion Island is indeed from MH370," the prime minister said.

"We now have physical evidence that, as I announced on 24th March last year, flight MH370 tragically ended in the southern Indian Ocean," Najib said.

"This is indeed a major breakthrough for us in resolving the disappearance of MH370. We expect and hope that there would be more objects to be found which would be able to help resolve this mystery."

The airlines will update the families and cooperate with the authorities, he added.

The prime minister said his country remains dedicated to finding out what had happened on board the flight. "I would like to assure all those affected by this tragedy that the government of Malaysia is committed to doing everything within our means to find out the truth of what happened."

Meanwhile, the Malaysia Airlines said the finding had been confirmed jointly by the French Authorities, the French Bureau of Enquiry and Analysis for Civil Aviation Safety (BEA), the Malaysian investigation team, the technical representatives from China and the Australian Transportation Safety Bureau (ATSB) in Toulouse, France.

The debris was discovered on Reunion Island on July 29 and was officially identified as part of a plane wing known as a flaperon from a Boeing 777.

Prior to the latest discovery, a massive surface and underwater hunt had failed to find the plane in what has become one of the biggest mysteries in the aviation history.

The plane went missing on March 8, 2014 en route from Kuala Lumpur to Beijing with 239 on board, most of them Chinese. - Xinhua

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Video: http://edition.cnn.com/2015/07/30/world/mh370-debris-investigation/   Saint-Denis, Reunion Island (CNN) Wh...

Tuesday, 4 August 2015

Malaysian construction projects shrunk in Q1


The real property gains tax, the difficulties in obtaining housing loans from banks and the impact of the goods and services tax had affected demand, which in turn slowed down the number of new property launches, Penang Master Builders and Building Materials Dealers’ Association president Datuk Lim Kai Seng (pic) told StarBiz.

GEORGE TOWN: The value of construction jobs given out in the country in the first quarter of this year fell to RM11.6bil from RM12.5bil in the corresponding period a year ago.

The number of jobs contracted out in the nation has also declined to 614 from 671, according to the latest Construction Industry Development Board (CIDB) report.

The real property gains tax, the difficulties in obtaining housing loans from banks and the impact of the goods and services tax had affected demand, which in turn slowed down the number of new property launches, Penang Master Builders and Building Materials Dealers’ Association president Datuk Lim Kai Seng (pic) told StarBiz.

“During the first-quarter of 2015, the number of residential projects dropped to 179 from 207 in the same period in 2014, while the non-residential figure shrunk to 239 from 268.

“In the corresponding period, the number of private projects given out also plunged to 459 from 537, while the number of government projects increased to 150 from 131.

“Normally, the first quarter is a slow period for the construction industry, due to the Chinese New Year celebration and holidays,” he said.

Lim said the rapid progression of mega projects such as the light rail transit (LRT) and mass rapid transit lines in the Klang Valley, and the efforts by the Federal Government to revive 74% of the abandoned housing projects in the country, should see more jobs being contracted to the construction industry this year.

Last December, Prime Minister Datuk Seri Najib Tun Razak had said some 10.7% or 23 of these abandoned projects were in the process of rehabilitation, while 33 or 15.35% were in the planning stage.

“The total value and the number of construction jobs to be given out in 2015 are expected to improve by a strong single-digit percentage in 2015.

“Last year, a total of 7,180 projects worth RM149.5bil were given out nationwide,” Lim said.

In Penang, the number of projects contracted out for the first quarter 2015 was 55 compared with 44 in the same period a year ago.
br /> Lim said the delay in the issuance of advertising permits and developer licence by the Federal Government to developers in Penang had led to fewer projects being awarded in the first quarter of 2015.

“This delayed the commencement of work for most of the projects, slowing down the jobs awarded.

“The residential projects given out declined to 10 from 16 in the first quarter of 2014, while the value of the residential projects contracted out increased substantially to RM936.89mil from RM391.50mil.

“The value has appreciated because the density of units per project has increased.

“The units launched are also of higher value,” Lim said.

According to the CIDB report, the number of government projects given out in first-quarter 2015 was nine compared with 17 in the corresponding period in 2014, while the number of private projects shrunk to 35 from 38.

Lim said with the implementation of the RM27bil Penang Transport Master Plan, scheduled to take off this year, the local construction industry could expect some RM400mil to RM500mil worth of jobs to be outsourced.

“These jobs are related to the alignment and soil studies for the LRT system,” he said.

By David Tan The Star/Asia News Network

Monday, 3 August 2015

By-laws governing strata property management in Malaysia, part 1

Third Schedule of Strata Management Regulation 2015



WITH the demise of the Deed of Mutual Covenants, the Third Schedule of the Strata Management Regulation 2015, now known as by-laws and any additional by-laws made under the Strata Management Act 2013 (“the Act”) shall bind the developer, the joint management body, the management corporation or the subsidiary management corporation, as the case may be, along with the purchaser, parcel owners or proprietors.

It also binds any chargee or assignee, lessee, tenant or occupier, of a parcel to the same extent as if the by-laws or the additional bylaws have been signed or sealed by each person or body mentioned above, and contain mutual covenants to observe, comply and perform all the provisions of the bylaws or additional by-laws.

These by-laws shall apply to any development area:
  • during the management by the developer before the joint management body is established;
  • during the management by the joint management body;
  • during the management by the developer before the first annual general meeting of the management corporation;
  • during the management by the management corporation after first annual general meeting of the management corporation ; and
  • during the management by the subsidiary management corporation after it has been established in respect of the limited common property .

SALIENT FEATURES OF THE BY-LAWS

Functions of the management corporation are to maintain in a state of good condition, service and repair, where necessary, including:
  • renew or upgrade the fixtures and fittings, lifts, installations, equipment, devices and appliances existing in the development area and used or capable of being used or enjoyed by occupiers of two or more parcels;
  • maintain, repair and, where necessary, renew or upgrade sewers, pipes, wires, cables and ducts existing in the development area and used or capable of being used in connection with the enjoyment of more than one parcel or the common property;
  • where applicable, establish and maintain suitable lawns and gardens on the common property;
  • where applicable, manage, maintain and secure suitable operators for any of the common utilities, amenities and services in the common property, such as launderette, convenience store, cafeteria, nursery and others, to reasonable standards of safety and health for the convenience, comfort and enjoyment of the proprietors and occupiers;
  • renew and upgrade common property where necessary for the purpose of retaining and adding the market value of parcels in the development area;
  • on the written request of a proprietor of a parcel and on payment of a fee, which shall not exceed RM50, furnish to the proprietor, or to a person authorised in writing by the proprietor, the copies of all policies of insurance effected under the Act or effected against such other risks as directed by the proprietors by a special resolution, together with the copies of the receipts for the last premiums paid in respect of the policies;
  • set up, manage and maintain proper procurement procedures and tender process in a fair and transparent manner for all purchases, acquisitions or awards of contracts in connection with the management and maintenance of the common property;
  • set up, manage and maintain a good credit control system in the collection of maintenance charges and contribution to the sinking fund and any other charges lawfully imposed by the management corporation; administer and enforce the bylaws and any additional by-laws made under the Act; and
  • and without delay, enter in the strata roll, any change or dealing notified to it by any proprietor.

COMMON PROPERTY FOR COMMON BENEFIT

The management corporation shall control, manage and administer the common property for the benefit of all the proprietors, provided that the management corporation, by written agreement with a particular proprietor, grant him for a defined period of time, the exclusive use and enjoyment of part of the common property or special privileges in respect of the common property or part of it, subject to appropriate terms and conditions to be stipulated by the management corporation.

To impose a fine, the management corporation may, by a resolution at a general meeting, do so, of such amount as shall be determined by that general meeting against any person who is in breach of any by-law or any additional bylaws made under the Act.

It is important to note that defaulters of service charges et cetera, can have theirs and their family’s access card denied and also be imposed a fine.

A defaulter is a proprietor who has not fully paid the charges or contribution to the sinking fund in respect of his parcel or any other money imposed by or due and payable to the management corporation under the Act, at the expiry of the period of 14 days of receiving a notice from the management corporation. Any restriction or action imposed against a defaulter shall include his family or any chargee, assignee, successor-intitle, lessee, tenant or occupier of his parcel.

If any sum remains unpaid by the proprietor at the expiry of the period of 14 days, the proprietor shall pay interest at the rate of 10% per annum on a daily basis or at such rate as shall be determined by the management corporation at a general meeting, until the date of actual payment of the sum due.

The management corporation may prepare a defaulters’ list showing the names of the defaulting proprietors, their respective parcels and the amount of the sum that remains unpaid. The management corporation may also display the list of defaulters’ names on the notice boards at the building, provided that such a list shall be updated by the management corporation at the end of every following calendar month.

The management corporation may, at the expiry of the period of 14 days, and without prior notice, deactivate any electromagnetic access device, such as a card, tag or transponder, issued to a defaulter until such time, that any sum remaining unpaid in respect of his parcel has been fully paid, together with a charge not exceeding RM50 that may be imposed by the management corporation for the reactivation of his electromagnetic access device. During the period of the deactivation of his electromagnetic access device, the management corporation may require the proprietor to sign in a defaulters’ register book each time that the defaulter requires any assistance for entry into or exit from the building or the development area. The management corporation may also stop or suspend a defaulter from using the common facilities or common services provided by the management corporation, including any car park bay in the common property that has been designated for the use of the defaulter.

The management corporation may accept payment of any sum due by a defaulter which is made by his chargee, assignee, successor-in-title, lessee, tenant or occupier, and any of the aforesaid persons, who had made such payment, shall be deemed to be irrevocably authorised by the defaulter to do so.

Follow part two of our article next week touching on the general duties and prohibitions of strata title proprietors.

By DATUK PRETAM SINGH DARSHAN SINGH The Sun (Malaysia)

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Malaysian Strata Management Act 2013 will be enforced from June 1, 2015 in Penang

Saturday, 1 August 2015

Beijing wins Winter Olympics 2022







http://english.cntv.cn/2015/08/01/VIDE1438381810003714.shtml

Chinese captital celebrates victory

The National Stadium, or Bird Nest, is seen with giant illumination showing a message celebrating Beijing and Zhangjiakou's winning of the right to host the 2022 Winter Olympic Games.




http://english.cntv.cn/2015/08/01/VIDE1438395244275676.shtml

Beijingers celebrate Olympic victory

Beijing last night was the scene of jubilation and cheering. People celebrated the news from Kuala Lumpur.


Games offers new drive to opening-up

Beijing and Zhangjiakou have won the bid to host the 2022 Winter Olympics. It's great.

Seven years after Beijing hosted the 2008 Summer Games, Chinese people get to embrace the Olympics again. Many still remember the passion and joy after winning the 2008 Games. Our optimism and happiness has come alive again. Chinese society is still actively seeking to host major international sports events. Such sentiment fits the country's rising momentum.

Countries in the developed world are no longer enthusiastic about holding the Olympics like they once were. They have their own calculations. But over 90 percent of people in Beijing and Zhangjiakou support their cities' hosting of the Winter Games. Such high rates of support is generally true in other parts of the country in hosting major international sports events.

Chinese people long for progress and more contact with the outside world. Many people consider the hosting of major sports events an opportunity to enhance a city's development level and help it become more international.

But there are also many who oppose hosting the Winter Games. Some of them are just following the voices of popular Western-style opponents. Others have their marginal reasons. But these opinions are not mainstream in China.

It is great that many stadiums and other pieces of infrastructure built for the 2008 Beijing Olympics can still be of use for the 2022 Games.

The 2008 Summer Games can be seen as a coming-out party for China. China has made significant progress in the seven years since it hosted the event. China's GDP leapt from the third place globally to second. Chinese people have seen more of the world.

To be frank, when Beijing hosted the 2008 Summer Games, many Chinese people were nervous that they might mess up the event. That is why the 2008 Games emphasized pomp and ceremony in order to demonstrate China's capabilities.

This time when we host the Winter Games, we may be able to be more relaxed, focusing on the beauty of the sports instead of laboring ourselves in ensuring a perfect event. We can try to make the 2022 Games a big party.

The 2022 Winter Games is also likely to bring concrete benefits in the coming seven years. "Olympic blue" may become a new target in dealing with air pollution. A high-speed railway between Beijing and Zhangjiakou is likely. Winter sports may become more popular.

The Winter Games will become a lasting drive for China's further opening-up. Chinese society will seek greater balance between outside criticism and China's own principles and traditions. This project will help China further integrate with the world. - Global Times